One Austin, Texas-based business has scooped up another.
In response to emailed questions, Medici founder and CEO Clinton Phillips declined to disclose financial details of the deal, noting that “it was a private transaction in cash and equity.” Medici plans on retaining all Chiron’s employees.
Chiron offers a platform that enables remote video visits between doctors and patients. The company’s solution is the embedded telemedicine platform for more than five EHR systems. It also has a Reimbursement Rules Engine, which gives physicians accurate estimates on how much they’ll be paid for virtual visits.
“Chiron was founded in 2013, so they bring a lot of experience in the remote care space,” Phillips added.
When asked what made Chiron appealing to Medici, Phillips said the companies are “both doctor-driven organizations that are committed to building world-class virtual care platforms.”
In a statement, Chiron founder and CEO Andrew O’Hara also noted that both companies use “remote care tools to bring physicians and patients closer together — Medici from a secure messaging angle and Chiron from a scheduled video visit angle.”
Medici allows patients to patients to talk to all their doctors — including their dentist, pediatrician and even veterinarian — from a single platform. Last summer, the company revealed it raised more than $22 million in private capital. Investors in the Series A round included Citadel’s Ken Griffin; Starwood Capital’s Barry Sternlicht; Jetro’s Natie Kirsh; Swordfish’s Amit Bhatia; Publix’s Howard Jenkins; Tesla’s Antonio Gracias; Moody National’s Brett Moody; and Tom Meredith of Meritage Capital and formerly of Dell.
The Chiron deal follows Medici’s acquisition of another company called DocbookMD. Medici bought it from Scrypts and financial terms weren’t disclosed. Also based in Austin, Texas, DocbookMD was founded in 2008. It offers a secure text messaging application that lets medical professionals communicate with each other.
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